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Section 80EE Income Tax Deductions For Interest On Home Loan

Submitted by finacbooks on Fri, 03/29/2019 - 12:10

WHAT IS SECTION 80EE?

Under section 80EE, an individual can claim deduction on the interest portion of the home loan taken from any financial institution or a housing finance company. The maximum deduction allowed under this section is up to Rs.50000 annually. An individual is allowed to claim deduction until the full loan is repaid.

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